Meta To Hold Company All-Hands Meeting To Detail Metaverse Plan

theinformation2022-02-14

Meta Platforms plans to provide more details to its employees this week about how it will realize its vision for the metaverse.

The company is encouraging staff to tune in to an all-hands meeting on Tuesday, according to two current employees, one of whom said they were told that a major announcement would be made.

In a post on Meta’s internal messaging system, the chief operating officer of Instagram, Justin Osofsky, wrote that the company plans to offer more information about how it will build the metaverse, covering both product and culture, one of the people said. The metaverse is a type of immersive intrenet in which people can interact in virtual reality environments wearing Meta headsets.

The meeting follows a tumultuous period in which Meta’s stock plunged after the company forecast slow growth in its advertising business. Meta also reported $10 billion in losses from its Reality Labs division, which is building the augmented and virtual reality products central to the metaverse.

Meta did not respond to requests for comment.

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Comments

  • TangoLem9
    2022-02-16
    TangoLem9
    Still falling the price :)
  • Uasbau
    2022-02-15
    Uasbau
    Like
  • LimLS
    2022-02-15
    LimLS
    Meta price is very attractive now. If their plan formetaverse turns out well, then Meta should see another rise to fame. Metaverse currently is still in its infant stage so hope this meeting will bring them some good ideas and direction. Investors need to have a long term horizon if they want to ride this wave with Meta. Short term wise, I'm expecting more pain/price weakness.
    • blinkix: 
      I don't know if it will succeed, but Meta's performance will be very bad for a long time
    • vibzee: 
      Yes, it's all to distract the world's attention.
    • glintzi: 
      Meta bet on the metaverse, just like the United States clamoring for Russia to go to war with Ukraine.
  • JCai
    2022-02-15
    JCai
    K
  • ARIESan
    2022-02-14
    ARIESan
    Good 
  • ZenInv
    2022-02-14
    ZenInv
    Will be interesting to see they come up with
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